Regulation 33 - Transfer of units - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

Transfer of units 33. (1) A unit certificate issued under the 1 [collective investment scheme] shall be freely transferable. (2) The Collective Investment Management Company shall, on production of instrument of transfer together with relevant unit certificates, register the transfer and return the unit certificate to the transferee within thirty days from the date of such production. Provided that if the units are held in a depository such units shall be transferable in accordance with the provisions of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 and the byelaws of the depository. ************** NOTES:- 1 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014.